ONEV vs. DVQQ

Last updated Jun 25, 2026

ONEV (SPDR Russell 1000 Low Volatility Focus ETF) and DVQQ (WEBs QQQ Defined Volatility ETF) are both exchange-traded funds - ONEV is a Volatility Hedged Equity fund tracking the Russell 1000 Low Volatility Focused Factor (TR), while DVQQ is a Large Cap Growth Equities fund tracking the Syntax Defined Volatility Triple Qs Index. Both are passively managed. Over the past year, ONEV returned 13.02% vs 36.18% for DVQQ. At a 0.41 correlation, their price movements are largely independent. ONEV charges 0.20%/yr vs 0.94%/yr for DVQQ.

Performance

ONEV vs. DVQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and WEBs QQQ Defined Volatility ETF (DVQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONEV achieves a 8.04% return, which is significantly lower than DVQQ's 13.85% return.

ONEV

• 1D: 0.86%
• 1M: 2.08%
• YTD: 8.04%
• 6M: 6.69%
• 1Y: 13.02%
• 3Y*: 12.94%
• 5Y*: 8.46%
• 10Y*: 11.55%

DVQQ

• 1D: -0.47%
• 1M: -1.60%
• YTD: 13.85%
• 6M: 10.89%
• 1Y: 36.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ONEV vs. DVQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ONEV SPDR Russell 1000 Low Volatility Focus ETF	8.04%	8.14%	-3.05%
DVQQ WEBs QQQ Defined Volatility ETF	13.85%	18.03%	-7.84%

Correlation

The correlation between ONEV and DVQQ is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Dec 17, 2024	0.41

Return for Risk

ONEV vs. DVQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ONEV

ONEV Risk / Return Rank: 37
ONEV Sharpe Ratio Rank: 36
ONEV Sortino Ratio Rank: 37
ONEV Omega Ratio Rank: 32
ONEV Calmar Ratio Rank: 37
ONEV Martin Ratio Rank: 40

DVQQ

DVQQ Risk / Return Rank: 47
DVQQ Sharpe Ratio Rank: 50
DVQQ Sortino Ratio Rank: 44
DVQQ Omega Ratio Rank: 47
DVQQ Calmar Ratio Rank: 47
DVQQ Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ONEV vs. DVQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 1000 Low Volatility Focus ETF (ONEV) and WEBs QQQ Defined Volatility ETF (DVQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ONEV	DVQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.52	-0.36
Sortino ratio: Return per unit of downside risk	1.77	1.97	-0.19
Omega ratio: Gain probability vs. loss probability	1.20	1.26	-0.06
Calmar ratio: Return relative to maximum drawdown	1.69	2.03	-0.34
Martin ratio: Return relative to average drawdown	5.74	6.49	-0.75

ONEV vs. DVQQ - Sharpe Ratio Comparison

The current ONEV Sharpe Ratio is 1.16, which is comparable to the DVQQ Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of ONEV and DVQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ONEV vs. DVQQ - Drawdown Comparison

The maximum ONEV drawdown since its inception was -39.72%, which is greater than DVQQ's maximum drawdown of -25.28%. Use the drawdown chart below to compare losses from any high point for ONEV and DVQQ.

Drawdown Indicators

	ONEV	DVQQ	Difference
Max Drawdown Largest peak-to-trough decline	-39.72%	-25.28%	-14.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.75%	-17.89%	+10.14%
Max Drawdown (3Y) Largest decline over 3 years	-14.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.72%	—	—
Current Drawdown Current decline from peak	-0.65%	-6.55%	+5.90%
Average Drawdown Average peak-to-trough decline	-3.88%	-7.17%	+3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	5.59%	-3.32%

Volatility

ONEV vs. DVQQ - Volatility Comparison

The current volatility for SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is 2.89%, while WEBs QQQ Defined Volatility ETF (DVQQ) has a volatility of 9.56%. This indicates that ONEV experiences smaller price fluctuations and is considered to be less risky than DVQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONEV	DVQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	9.56%	-6.67%
Volatility (6M) Calculated over the trailing 6-month period	7.91%	17.87%	-9.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.31%	24.10%	-12.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	24.95%	-10.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	24.95%	-7.92%

ONEV vs. DVQQ - Expense Ratio Comparison

ONEV has a 0.20% expense ratio, which is lower than DVQQ's 0.94% expense ratio.

Dividends

ONEV vs. DVQQ - Dividend Comparison

ONEV's dividend yield for the trailing twelve months is around 1.87%, more than DVQQ's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVQQ WEBs QQQ Defined Volatility ETF	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ONEV SPDR Russell 1000 Low Volatility Focus ETF	1.87%	1.81%	1.88%	1.79%	1.80%	1.44%	1.87%	2.07%	2.14%	6.91%	3.73%	0.21%

Frequently Asked Questions

Can I hold both ONEV and DVQQ in my portfolio?

ONEV and DVQQ have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONEV or DVQQ?

DVQQ has higher volatility (9.56%) compared to ONEV (2.89%). In terms of maximum drawdown, ONEV dropped -39.72% vs DVQQ's -25.28%.

Which ETF is better, ONEV or DVQQ?

On 1-year performance, DVQQ leads with 36.18% vs 13.02% for ONEV. On fees, ONEV is cheaper at 0.20% per year. On volatility, ONEV has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ONEV or DVQQ?

Over the 1-year period, DVQQ has performed better with a 36.18% return vs 13.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ONEV or DVQQ?

ONEV is cheaper with a 0.20% expense ratio, compared with 0.94% for DVQQ.

Which ETF pays a higher dividend yield, ONEV or DVQQ?

ONEV has the higher dividend yield at 1.87%, compared with 0.03% for DVQQ.

What is the main difference between ONEV and DVQQ?

ONEV is categorized as Volatility Hedged Equity, while DVQQ is Large Cap Growth Equities. ONEV tracks Russell 1000 Low Volatility Focused Factor (TR), while DVQQ tracks Syntax Defined Volatility Triple Qs Index. They also come from different issuers: State Street and WEBs. Their fees differ too: 0.20% for ONEV and 0.94% for DVQQ.

Which has better risk-adjusted returns?

DVQQ currently has the higher Sharpe Ratio (1.52 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.